EL7.AI
CryptoMediumUpdated×2•Originally published 12 September 2026•Updated 12 September 2026•
2 min read

Bitcoin ETFs Lose $462.7M as Ethereum Funds Draw $196.9M

Key Facts

1U.S. spot Bitcoin ETFs recorded $462.7 million of net outflows across the September 8–11 sessions.
2Ethereum funds drew a net $196.9 million, while Solana funds gained a net $9.7 million over the same period.
3August U.S. headline CPI was 3.4% annually and 0.4% monthly, while core CPI was 2.4% annually and 0.3% monthly.

U.S.-listed spot Bitcoin ETFs recorded $462.7 million of net outflows across the September 8–11 sessions, while spot Ethereum funds attracted a net $196.9 million over the same period. The figures show a clear divergence in fund flows but do not establish that money moved directly from one category to the other.

Most Bitcoin redemptions occurred before the final session: $46.6 million on September 8, $120.2 million on September 9 and $282.7 million on September 10. Outflows slowed to $13.2 million on September 11 but left the four-session total negative.

Ethereum's daily flows were more volatile than the positive total suggests. The funds lost $24.3 million on September 8, gained $34.7 million on September 9, lost $29.9 million on September 10 and then attracted $216.4 million on September 11, producing a net inflow of $196.9 million.

Solana funds finished the period with $9.7 million of net inflows. The sequence comprised a $0.7 million outflow on September 8, an $11.2 million inflow on September 9, and outflows of $0.5 million and $0.3 million on September 10 and 11, respectively.

These figures measure net movement within each fund category, but they do not identify the ultimate buyers and sellers. They therefore cannot prove that specific institutional investors sold Bitcoin to buy Ethereum, and one week's net flow does not establish a lasting portfolio-allocation shift.

The August U.S. inflation report was mixed. Headline CPI rose 0.4% month on month and held at 3.4% year on year, while core CPI increased 0.3% on the month and its annual rate eased from 2.5% to 2.4%. Describing the entire report as an easing of inflation overlooks the acceleration in the monthly readings.

The chronology also does not support directly attributing the week's Bitcoin ETF outflows to the CPI release. Of the $462.7 million total, $449.5 million was recorded in the September 8–10 sessions before the report was published on September 11, while the release-day session posted a $13.2 million outflow.

The next signal will be whether Bitcoin funds halt the redemptions and whether Ethereum funds repeat their $216.4 million daily inflow. Persistence across several sessions would provide stronger evidence of changing demand for the listed products than a single weekly reading.